Voya Investment Management LLC Lowers Position in ONE Gas, Inc. $OGS

Voya Investment Management LLC trimmed its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 32.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,372 shares of the utilities provider’s stock after selling 25,169 shares during the quarter. Voya Investment Management LLC owned 0.09% of ONE Gas worth $4,239,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Alliancebernstein L.P. boosted its stake in ONE Gas by 1,393.0% during the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock worth $114,795,000 after buying an additional 1,490,492 shares during the period. Geode Capital Management LLC lifted its holdings in shares of ONE Gas by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,478,961 shares of the utilities provider’s stock worth $106,290,000 after acquiring an additional 84,296 shares during the last quarter. Boston Trust Walden Corp boosted its position in shares of ONE Gas by 1.7% during the 2nd quarter. Boston Trust Walden Corp now owns 1,070,858 shares of the utilities provider’s stock worth $76,952,000 after purchasing an additional 18,180 shares during the period. Bank of New York Mellon Corp increased its holdings in ONE Gas by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 814,742 shares of the utilities provider’s stock valued at $58,547,000 after purchasing an additional 27,713 shares during the last quarter. Finally, Energy Income Partners LLC increased its holdings in ONE Gas by 6.4% in the 2nd quarter. Energy Income Partners LLC now owns 692,487 shares of the utilities provider’s stock valued at $49,762,000 after purchasing an additional 41,678 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Trading Up 0.7%

OGS opened at $78.30 on Friday. The business has a fifty day moving average price of $80.63 and a 200 day moving average price of $77.09. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.47 and a quick ratio of 0.33. ONE Gas, Inc. has a 12 month low of $66.38 and a 12 month high of $83.96. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 2.69 and a beta of 0.79.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.The business had revenue of $379.13 million during the quarter, compared to analysts’ expectations of $404.19 million. During the same quarter last year, the business posted $0.34 EPS. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. Sell-side analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, November 14th. ONE Gas’s payout ratio is 62.47%.

Analyst Upgrades and Downgrades

A number of research firms have commented on OGS. Morgan Stanley restated an “underperform” rating and set a $75.00 price target on shares of ONE Gas in a research note on Thursday, November 20th. Mizuho increased their target price on ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. UBS Group lowered their target price on ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Jefferies Financial Group boosted their price target on shares of ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ONE Gas in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, ONE Gas presently has an average rating of “Hold” and an average price target of $85.86.

ONE Gas Company Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.